I don’t know who’s doing worse these days — Charlie Sheen, Mel Gibson or President Obama.
Obama is getting beat like an egg yolk at home and abroad. The last couple weeks for him have been nastier than stepping barefoot on a cockroach.
Apparently Obama makes Elmer Fudd sound like a toastmaster because nobody seems to be hearing what he’s saying.
First the American voters shellacked his Democrats and now world leaders at the G20 economic summit in Seoul, Korea did everything but poke chopsticks in his eyes.
Now just because they call it G20 doesn’t mean they play bingo. Rather, they talk economics until everybody passes out in their sake. Wasn’t the world a better place when barter, not currency, ruled the earth’s commerce?
The two-day summit wrapped up today on a bland note as world leaders, and they know who they are, agreed to address global trade imbalances but declined to decide how or when. So much for details. The Obama administration tried to put a positive spin on the agreement, noting that at least world leaders acknowledged the problems of U.S. overconsumption, Chinese emphasis on exports and competitive devaluation of currencies.
The reality is Obama whiffed as if he were Ryan Howard. His hopes of emerging from his Asia trip with the twin victories of a free trade agreement with South Korea — which would have greater protections for U.S. workers — and a unified approach to spurring global economic growth ran into resistance on all fronts. Which puts Obama at odds with his key allies and largest trading partners.
There are fundamental differences of economic strategy as major disputes broke out between Washington and China, Britain, Germany and Brazil. Each rejected core elements of Obama’s strategy of stimulating growth before focusing on deficit reduction.
Now I don’t pretend to wax intelligently or eloquently about economics since balancing a checkbook evidently was deleted from my skill sets at birth. But I do sense that Obama’s fiscal policies don’t add up to the rest of the world. And that could cost all of us.